The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-07-30
CON DITION OF THE MARKETS
Light Business in Wheat, Most Sales
Being Made at About Seventy Cents.
Corn Moves Up Little, Reacts, and Finally
Closes Steady-0ats Dull and Lower-Pro-
visions Firm with Little Business.
MONEY BONDS AND STOCKS.
Very Weak Market, with Lower Prices TO
All Kinds of Securities.

Very Weak Market, with Lower Prices for
All Kinds of Securities.
NEW YORK. July 29-Money on call was easy
mt 4 to per cent. the last loan being made at 5.
closing At Al as.
Prime mercantile paper, 5a06 per cent
Sterling exchange was dull but steady at
o. s2A for sixty-day bills and ST. 84s for demand.
The total sales of stocks to-day were 376.561
shares. including the following d., L. g. West
ern, SO, $50; Delaware g Hudson. 1920; Kansas
s. Texas. 427o; Lake Shore 20. 100; Louisville s.
Nashville lO.56O; Missouri Pacific. S,943 North
western, ID 500: New York Central, 3,168; North
ern Pacific, $780, Oregon Transcontnental,
Is $50; Pacific Mail, l6.5l5 Reading. 5000; ST.
Paul 43, $780, ST. Paul g. Omaha. $3.50; Union
Pacific. 1855; Western Union, 20960
The stock market to-day was very weak, q
repetition of that of Wednesday, the bears
and traders hammering stocks all around the
room, and the close of business very
material declines from last nights figures.
Much expectation had been INDUCED in by
holders that the improvement OF yesterday
would be continued, but the market early
showed a droopIng tendency. and notwithstand-
gome purchases by London. steadily declined
This was very discouraging to the bulls, and
they began to throw over their stocks, advan-
fage of which quickly taken by the
s.bears," and at time in the afternoon
state of semi-panic was produced, aided
by ali sorts OF rumors, which had depressing
tendency. Boston became q seller, and IL be-
q.
A noted privilege broker reported TO have
lain down his customers, and the dividend OF
the Missouri Pacific, lt was said. would be re-
duced to per cent Western Union, Mis-
souri Pacific, New England and Pacific Mail
were all attacked early in the day, and the
erangers and coalers in the afternoon, but the
feverish and unsettled condition of the market
mt the close gave the i'm preston that the 'bears"
had begun cover. The first sales were made
at irregular changes of slight fractions only
from last evenings quotations, and tho market
was quiet, though a generally heavy tone,
which gradually developed into decided weak
ness marked the dealings. AS the weakness
settled the amount of business done became
larger and in the afternoon, whom the 'bears"
obtained complete control. transactions were
very large. A sudden drop was made shortly
after noon, from which there was feeble rally,
but the decline quickly settled and the low
est figures generally recorded at 2 p. NJ A
slight rally occurred In the last hour, but the
close was heavy at but a shade better than the
lowest prices reached. Everything is lower
and New England was down 81; ST. Paul and
Lackawanna, %, Northwestern and Omaha. Il;
Western Union, q. Jersey Central, 2; Union
Pacific, IL Missouri Pacific. Ii: Colorado Coal.
IL; Reading. Oregon and Transcontlnental.
Manhattan and Canada Southern, H.
Railroad bonds were dull; sales 1897, 900, OF
which $I48. 900 were in Atlantic 81 Pacific in
comea Closing prices almost invariably
lower. and Central Iowa frsts, coupon of, are
down 8. at So
Government bonds were dull and steady.
State bonds were dull and rather heavy.
Closing quotations were: